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2022-03-31-accounts

REGISTERED CHARITY NUMBER: 519481

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2022

for

New Life Community Church

Daniel Sam Limited Chartered Accountants

61 Plodder Lane Farnworth Bolton BL4 0BX

New Life Community Church

Contents of the Financial Statements for the Year Ended 31 March 2022

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 12
Reconciliation of Income and Expenditure 13
Reconciliation of Funds 14
Detailed Statement of Financial Activities 15 to 16

New Life Community Church

Report of the Trustees for the Year Ended 31 March 2022

The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The present charity's main objects have been to advance and promote the Christian Faith by proclaiming the doctrine, beliefs and practices of Christianity.

In support of these objectives, the main activities of the Church historically have been grouped around the areas of:

Unfortunately, because of the unprecedented restrictions due to the pandemic these activities were only allowed to recommence in September 2021. We did continue to support the Bradford North Food Bank, liaising with Trinity Church in Rawdon all throughout the pandemic not only supplying food but electric, gas and other practical help.

Public benefit

The trustees are satisfied with the performance of the charity during the year and in planning the activities the trustees have had regard to the Charity Commission's guidance on public benefit.

Page 1

New Life Community Church

Report of the Trustees

for the Year Ended 31 March 2022

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The church and hall buildings have continued to be used through the year and provided a base for facilities for the community to hire the Church and annex building.

New Life Community Church continues to rent the Church and annex on a long term basis from the Church of England Diocese. Internal improvements have continued in the church and annex including a full rewire of the annex. Also the Annex has been redecorated in the toilets, main entrance area and kitchen. Additionally 6 new PVC windows were installed in the annex building and a new set of electric plug sockets in the main church.

New Life continues to be part of the wider Christian community. One of the ways we have done this is with our ongoing relationship with Ground Level network of churches. Meetings have once again started in person with Aireborough Churches Together. Our senior leader was voted in as Chair. Our senior leader continues to network with many other leaders and churches. Our monthly Open Space Leadership forum which encourages pastoral leaders locally and nationally and internationally has again started in person meetings.

The church has encouraged the personal growth of its members and those engaging in worship. One of the means for this encouragement has been the main Sunday worship and midweek Bible study meetings.

We are concerned about and help communities and groups around the world. This includes those who are suffering from natural disasters, environmental and economic problems, as well as those undergoing persecution.

The care shown by those attending New Life Community Church has been demonstrated by generous giving in response to specific causes. Many members of the church have given sacrificially of their time and energy to enable the church to fulfil its objectives.

The Trustees have met regularly and continued to update their policies in line with the latest good practices and Reverend Denver Thompson, our Senior Leader, has been working with and liaising closely with the Trustees. This year we have increased our outward focus into our community by the starting of Marshall Park Football which was formed in May 2021.

Our Vision and Mission continues as we Love God, Love people, and Love our town of Yeadon.

FINANCIAL REVIEW

Reserves policy

The committee has a reserves policy in order to meet its potential liabilities and has monitored and revised it as the circumstances changed. Reserves are set aside in support of the church's commitment for the long-term occupancy of the buildings and for the support of our senior leader.

In the Trustees' view, the reserves should provide the charity with adequate financial stability and the means for it to meet its charitable objectives for the foreseeable future.

The trustees propose to maintain the charity's reserves at a level which is at least equivalent to three months' operational expenditure (Rent, Minister's Salary, Utilities). The trustees review has been done giving careful regard to its manner of operation and likely funding streams.

The trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity's continuing obligations on an annual basis at their Trustees meeting.

Page 2

New Life Community Church

Report of the Trustees

for the Year Ended 31 March 2022

FUTURE PLANS

In April 2020 the application to become a Charitable Incorporated Organisation (CIO) was activated although to present there has been no activity under the new charity (charity number 1189002). It has been necessary to become a CIO which is a legal format for a registered charity and enables us to enter into contracts.

Specifically it means we can hold property which is essential if we purchase the building we currently rent from the Diocese. The advantage of a CIO is it allows limited liability without having to register as a limited company .The CIO is a registered charity with the Charity Commission. Hopefully this will be the last AGM under the existing constitution.

Following this AGM once we have uploaded the necessary documentation, and providing the Diocese are in agreement, we will terminate our existing charity and become active as a CIO under the new charity.

The CIO has an updated statement of faith as well as new trustees. The new trustees will comprise of two external and three internal. The external trustees will be Pastor J Daniel-Sam from Farnworth Christian Fellowship in Bolton and Wynn James from Destiny Church in Harrogate. The internal trustees will be Carol Comrie, Denise Arnott and Rev Denver Thompson.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a constitution that was initially adopted on 21 October 1987, and achieved charity registration on 10 November 1987; the last amendment was adopted on 29 October 2002.

Organisational structure

The church is a membership organisation from which is drawn the Trustees who constitute the Church's "Charity Trustees" for the purposes of the Charities Acts and meet regularly to manage the administrative affairs of the church. The Trustees are known as "the committee".

In the present constitution, the committee comprises of two members who are elected to the office of Treasurer and Secretary of the Church and up to 12 members also elected to serve on the committee. These members are elected at the Annual General Meeting and presently serve until the conclusion of the following Annual General Meeting.

The elders of the church (including the Senior Leader) are responsible for the spiritual affairs of the Church. Elders are presently appointed from amongst the members of the church, by a Church General Meeting, on the nomination of the committee. The committee also includes those Elders of the church who are not remunerated, and do not hold any of the assets of the church.

The committee, at the first meeting after the Annual General Meeting in each year, elect one of their members as Chair, Treasurer and another member Secretary. All new trustees are given the Charity Commission information for trustees that explain the role of a trustee and what is expected of them.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

519481

Principal address

Haw Lane Yeadon Leeds LS19 7XQ

Trustees

Mrs D Arnott Mrs C J Comrie J Windsor B Bradley P J Robinson Mrs P Williams

Page 3

New Life Community Church

Report of the Trustees for the Year Ended 31 March 2022

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 0BX

Aug 19, 2022 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

Denise Arnott (Aug 19, 2022 17:13 GMT+1) ........................................................................ Mrs D Arnott - Trustee

Page 4

Independent Examiner's Report to the Trustees of

New Life Community Church

Independent examiner's report to the trustees of New Life Community Church

I report to the charity trustees on my examination of the accounts of New Life Community Church (the Trust) for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Gracian Daniel-Sam ACA Daniel Sam Limited Chartered Accountants 61 Plodder Lane Farnworth Bolton BL4 0BX

Aug 22, 2022 Date: .............................................

Page 5

New Life Community Church

Statement of Financial Activities

for the Year Ended 31 March 2022

31.3.22 31.3.21
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 50,719 33,565 84,284 65,902
Investment income 2 8,498 - 8,498 2,256
Total 59,217 33,565 92,782 68,158
EXPENDITURE ON
Charitable activities
Ministry 58,473 - 58,473 58,889
Mission 5,419 - 5,419 4,081
Building - 14,083 14,083 12,749
Youth and community - 15,271 15,271 380
Total 63,892 29,354 93,246 76,099
NET INCOME/(EXPENDITURE) (4,675) 4,211 (464) (7,941)
Transfers between funds 8 (221) 221 - -
Net movement in funds (4,896) 4,432 (464) (7,941)
RECONCILIATION OF FUNDS
Total funds brought forward 66,226 23,788 90,014 97,955
TOTAL FUNDS CARRIED FORWARD 61,330 28,220 89,550 90,014

The notes form part of these financial statements

Page 6

New Life Community Church

Balance Sheet 31 March 2022

31.3.22 31.3.21
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 6 3,287 - 3,287 4,178
CURRENT ASSETS
Cash at bank 58,594 28,220 86,814 85,957
CREDITORS
Amounts falling due within one year 7 (551) - (551) (121)
NET CURRENT ASSETS 58,043 28,220 86,263 85,836
TOTAL ASSETS LESS CURRENT
LIABILITIES 61,330 28,220 89,550 90,014
NET ASSETS 61,330 28,220 89,550 90,014
FUNDS 8
Unrestricted funds 61,330 66,226
Restricted funds 28,220 23,788
TOTAL FUNDS 89,550 90,014

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: Aug 19, 2022

Denise Arnott (Aug 19, 2022 17:13 GMT+1)

............................................. Mrs D Arnott - Trustee

Patricia Williams (Aug 16, 2022 16:39 GMT+1)

............................................. Mrs P Williams - Trustee

The notes form part of these financial statements

Page 7

New Life Community Church

Notes to the Financial Statements for the Year Ended 31 March 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment and furniture - 20% on cost

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. INVESTMENT INCOME

31.3.22 31.3.21
£ £
Rents received 8,498 2,223
Deposit account interest - 33
8,498 2,256

continued...

Page 8

New Life Community Church

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

Ministry 31.3.22

1		 31.3.21
1

No employees received emoluments in excess of £60,000.

5. INDEPENDENT EXAMINER'S REMUNERATION

During the period £550 was payable to the Independent Examiner to assist with the final preparation of the accounts and the independent examination.

6. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Equipment
and
furniture
£
COST
At 1 April 2021 31,781
Additions 380
At 31 March 2022 32,161
DEPRECIATION
At 1 April 2021 27,603
Charge for year 1,271
At 31 March 2022 28,874
NET BOOK VALUE
At 31 March 2022 3,287
At 31 March 2021 4,178

continued...

Page 9

New Life Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22 31.3.21 31.3.21
£ £
Other creditors 551 121
8. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
£ £ £ £
Unrestricted funds
General fund 66,226 (4,675) (221) 61,330
Restricted funds
Restricted fund 23,788 4,211 221 28,220
TOTAL FUNDS 90,014 (464) - 89,550
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 59,217 (63,892) (4,675)
Restricted funds
Restricted fund 33,565 (29,354) 4,211
TOTAL FUNDS 92,782 (93,246) (464)
Comparatives for movement in funds
Net
movement At
At 1.4.20 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 71,112 (4,886) 66,226
Restricted funds
Restricted fund 26,843 (3,055) 23,788
TOTAL FUNDS 97,955 (7,941) 90,014

continued...

Page 10

New Life Community Church

Notes to the Financial Statements - continued

for the Year Ended 31 March 2022

8. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 58,084 (62,970) (4,886)
Restricted funds
Restricted fund 10,074 (13,129) (3,055)
TOTAL FUNDS 68,158 (76,099) (7,941)

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.4.20 in funds funds 31.3.22
£ £ £ £
Unrestricted funds
General fund 71,112 (9,561) (221) 61,330
Restricted funds
Restricted fund 26,843 1,156 221 28,220
TOTAL FUNDS 97,955 (8,405) - 89,550

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 117,301 (126,862) (9,561)
Restricted funds
Restricted fund 43,639 (42,483) 1,156
TOTAL FUNDS 160,940 (169,345) (8,405)

continued...

Page 11

New Life Community Church

Notes to the Financial Statements - continued for the Year Ended 31 March 2022

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

10. FIRST YEAR ADOPTION

Prior to this year the charity prepared receipts and payments accounts as permitted under s133 of the Charities Act 2011. This is the first year that the charity has adopted FRS 102 and the changes to the funds on transition are explained further in the following sections.

Page 12

New Life Community Church

Reconciliation of Income and Expenditure for the Year Ended 31 March 2021

Effect of Effect of
transition to
UK GAAP FRS 102 FRS 102
Notes £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 65,902 - 65,902
Investment income 2,256 - 2,256
Total 68,158 - 68,158
EXPENDITURE ON
Charitable activities
Ministry 1, 2 59,917 (1,028) 58,889
Mission 4,081 - 4,081
Building 12,749 - 12,749
Youth and community 380 - 380
Total 77,127 (1,028) 76,099
NET INCOME/(EXPENDITURE) (8,969) 1,028 (7,941)

Page 13

New Life Community Church

Reconciliation of Funds At 31 March 2021

Effect of
transition to
UK GAAP FRS 102 FRS 102
Notes £ £ £
FIXED ASSETS
Tangible assets 1 - 4,178 4,178
CURRENT ASSETS
Debtors - - -
Cash at bank and in hand 85,957 - 85,957
85,957 - 85,957
CREDITORS
Amounts falling due within one year 2 - (121) (121)
NET CURRENT ASSETS 85,957 (121) 85,836
TOTAL ASSETS LESS CURRENT
LIABILITIES 85,957 4,057 90,014
NET ASSETS 85,957 4,057 90,014
FUNDS
Unrestricted funds 62,169 4,057 66,226
Restricted funds 23,788 - 23,788
TOTAL FUNDS 85,957 4,057 90,014

Notes to the reconciliation of funds:

Explanation of changes to previously reported funds:

  1. Recognition of the charity’s furniture and equipment as though they had been accounted for previously under the historical cost convention.

  2. Recognition of the charity’s accruals.

Page 14

New Life Community Church

Detailed Statement of Financial Activities for the Year Ended 31 March 2022

Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Freewill offerings 38,973 39,779
Special offerings 891 495
Gift aid 9,091 11,448
Donations to building fund 13,670 7,840
Youth and community donations 19,895 2,234
Miscellaneous income 390 2,666
Open space forum 1,374 1,440
84,284 65,902
Investment income
Rents received 8,498 2,223
Deposit account interest - 33
8,498 2,256
Total incoming resources 92,782 68,158
EXPENDITURE
Charitable activities
Wages 31,200 30,172
Rent 9,000 10,500
Insurance 612 590
Light and heat 5,290 5,508
Telephone 729 1,020
Postage and stationery 129 -
Sundries 1,418 3,669
Travel 353 102
Gifts to guest speakers 3,160 300
Tithes and special offerings 6,619 4,081
Open space forum 1,333 1,265
Building repairs 14,083 12,829
Cleaning 190 277
Grounds maintenance 11 163
IT maintenance 1,101 661
Refreshments 274 107
Evangelism 100 1,500
Youth and community 15,271 380
Training and development 479 -
Depreciation 1,272 2,855
92,624 75,979
Support costs
Governance costs
Accountancy and legal fees 622 120

This page does not form part of the statutory financial statements

Page 15

New Life Community Church

Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
31.3.22 31.3.21
£ £
Total resources expended 93,246 76,099
Net expenditure (464) (7,941)

This page does not form part of the statutory financial statements

Page 16